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wanted to make a comment about the tax code system. it's so complicated. i think that the government wants to do something to help out the economy, they could institute a fair tax or a flat tax, something like the libertarian candidate gary johnson was advocating last year where if you buy something you just pay the tax on it, there is no more income tax or corporate tax but a consumption type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across the board as far as taxes go. host: thanks for the call. we welcome our listeners and our focus this morning the role of government in solving america's problems. it was something that dwight eisenhower talked a
is it will increase -- by not raising the debt ceiling, you should be able to raise taxes on the wealthy, making $200,000 a year or more. host: ok. anthony in greensboro, north carolina, independent. caller: good morning. i have done quite a bit of research on the debt. what i don't hear from anybody, whether from the politicians or people asking questions, is the fact that the united states over the last 10 or 15 years has overwhelmingly started bases all over the world. over 1200 bases. and i cannot get a direct answer to actually how many. each would bring in the amount of money well over $1 trillion in just the maintenance. along with that, on the far side, after deep search, i discovered that the united states in the last eight years, since 1998, i believe, through nasa, they have come to believe in some kind of solar scenario along with an economic scenario and have been spending a lot of money in creating bases or underground cities in preparation, which is understandable, as any other nation, including japan and china have been doing themselves. host: next we will hear from a democratic calle
phone 5 sending shares below. >> did you see your paycheck on friday? the payroll tax hike obviously kicking in for many americans. felt like a pay cut. will this be a temporary shock or a headwind as stocks hover at five-year highs. >> ubs achoirs tnt after a commission throws up road blocks. >>> to the top story. in the pre-market, we've seen apple shares fall below $500 for the first time in 11 months. the tech giant has cut its orders for iphone 5 components because of weaker than expected demands. screen orders for january to march quarter have fallen about half. the company had planned to order. apple said to cut orders for components other than screens. now, jim, we've had sort of this concern about demand for the iphone 5. i think last week when deutsche bank came out with the note from the japanese team, specifically citing this very issue, that's when the concerns really started to mount and the stock really started feeling the impact. >> i think that there's something wrong with the iphone 5. i think that samsung has come on very strong. when you go to a resaler, the sales
to be uninsured. you're not going to have that option because when you file your taxes, you'll have to attach proof that you are in a government-mandated plan. >> gretchen: wow. >> so if you earn too much to be eligible for medicaid, you will have to go shop on the state health insurance exchanges. >> gretchen: so these health insurance exchanges, a lot of this is rolling out now. >> they'll be open in october. and most people have never heard of these. but they're like an 800 number, a web site, and a dmv type office. and they only sell the government man-dated plan. it's like going to a dealership that sells four door sedans. >> gretchen: they dictate what you're going to get. i thought obamacare was supposed to give you a choice? >> no, there really will be no choice. there will be bronze, silver, gold and platinum. but they all have the same coverage. only the co-pays differ. section 1311 puts the federal government in charge of your health care fort first time, even if you have a private plan you paid for yourself. the secretary of health and human services can still dictate what doctors
, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for the financial industry when it comes to the home market. people worked all their lives to provide a home and held for ways to get it paid off before they retire. this is the one area that the government needs to regulate and regulate closely and i am glad we're finally doing that. now, of course, we have drawn a line in the sand that we can hopefully reclaim. can we hope that it will ever change back to what we thought we had been through? guest: an excellent question. another one to add to that is -- will the regulators have the appetite to regulate this closely? making sure that banks are abiding by these rules? we had a system going
debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was up 16%. that was the biggest year over year increase in u.s. oil production since 18 at which just happens to be when we started producing oil so if we think about what's going on. we have right now -- right now we produce oil at 80%, the same price the rest of the world does. we produce natural gas at 25% of the price the rest of the world does. we have cheap energy here in the united states and we feel that will drive manufacturing back to the united states, create jobs, and when all this political stuff is over, that's going to be a big story that we'll talk about ten years from now. >> these ar
that fiscal cliff deal where dividend taxes just went to 20%. a lot of upset and anticipation that it would go higher but 20% is a great number. >> exactly. >> steven hammer, setting some highs of the day right now. you're bullish at least for the short-term here, how much higher do you go? >> i have no doubt in the next six months. we could potentially see anywhere from a 5% to 10% increase in the u.s. stock market, but we need to be cautiously optimistic, and to us it's all about earnings and it's all about volatility which is why we wait based on risk, and investors need to be cautious to where they invest money and they still need to stick with quality. >> okay. hank smith. what's going to take us to these new highs, do you think? >> well, look, i think we've seen in the beginning of this year finally some money coming out of bond mondayfunds going i equity funds. for five years it's been just the opposite so perhaps we're at the very beginning of what could be a very powerful trend providing a ton of fuel to the equity markets, and we agree. look, dividends are still very attractive, as l
more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it is fair, for example, to ask a senior to pay more for his or her health care or a scientist to shut down life heavy saving research so the that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it is smart to protect endless corporate loopholes and tax breaks for the wealthiest americans, rather than rebuild our roads and our schools, invest in our workers skills or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way where everybody pulls their weight, everyone does their part. th
are protected by armed guards at their schools. mr. obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of g
taxes up to the level where you fund the promises that we've already made. the entitlements that we've already made and the guarantees we've made, they just want to raise taxes on somebody. i don't know who, to the point where we never actually reform medicare, medicaid or social security. >> the question i want to ask him, is there ever a time that he's making, is it now given where we are in the economy? >> well, the question is, you put in a hundred and you take out 400 in medicare and the government covers 300. >> and it makes no sense. >> well, no, but there are people that think that the government's roll is to provide that 300. and so we should raise taxes to the point where you -- it doesn't matter that you -- >> right. >> it doesn't matter. that is the redistribution. >> that's the agal tearan notion or the equality, the fairness in outcome. >> i'll give it to him. we'll ask the question. >> i just hope you got fired up watching lance. >> i'm fired up watching lance. i'm fired up for that interview. >> i can tell he hurt you. i could tell from when you were over there, you
million r tax adjustment and $376 million from something and $700 million from reduced mortgage loan loss. jamie dimon said challenges still exist but as we look forward to 2013 -- let me finish this thought, we look forward -- we remain optimistic. we're committed to doing our part to speed the recovery of the housing market and we continue to see favorable credit conditions across our wholesale loan portfolios. at first blush. go ahead, andrew. introduce chris. >> chris whalen is here to respond to these numbers. i'm here to say they also put out on their website today. what do you make of these numbers? >> similar to welles making up a lot of earnings numbers with cost cutting, very important. a little light on revenue, i think the story of most banks going into 2013. my guess is interest margins continuing to squeeze because of the fed. >> that's not going to get better. >> the benefit from the fed has gone by on net and tt an alarmi rate and the time's gone >> what's your thoughts on loan growth. >> as jamie said he's trying hard to put on assets, everyone in the industry is. but wit
burden on the bar were. monthly deaths of the consumer, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for the financial industry when it comes to the home market. people worked all their lives to provide a home and held for ways to get it paid off before they retire. this is the one area that the government needs to regulate and regulate closely and i am glad we're finally doing that. now, of course, we have drawn a line in the sand that we can hopefully reclaim. can we hope that it will ever change back to what we thought we had been through? guest: an excellent question. another one to add to that is -- will the regulators have the appetite to regulate this closely? making sur
considered, as we take you back out here live, higher fares and even tax measures. but again a lot of people taking bart this morning. a lot of people heading for the door. let's take a live look at our traffic this morning. sal, how is it looking? >>> it's not too bad. people are taking bart. the bart system does look good right now. no major delays reported by them. let's take a look at some of the roads. highway 4, we had an earlier crash at the willow pass off ramp. it did not affect highway 4 too much. people couldn't really see it off the freeway. no major problems. there is slowing in antioch this morning. at the bay bridge toll plaza, it has been backed up for about a 20-minute late, maybe agent bit more than that now. eight kind of crowded. once on the bridge it does look good into the city. 85 and 280 or slow. the pa minutes remark traffic looks -- peninsula, traffic looks snake on 101 and 280 -- looks good on 101 and 280. >>> san jose has had a little bit of a breeze this morning. looks like it's tailing off. that's allowing temperatures to drop. i tried to put together a whole bu
jersey and connecticut, these three states pay almost 16% of the taxes collected in the united states of america. >> some house conservatives favored amendment offered by south carolina mick mulvaney to pay for $17 billion in disaster relief cutting discretionary spending across the board by 1.63%. >> it's important to me that the money goes to the folks who need it very badly. it's so important to me,be that i think we should pay for it. >> the amendment failed. key new york democrat says paying for disaster relief cutting elsewhere would be a first. sandy victims should get their aid. >> i wantbe to repeat this point again. united states of america we respond to disasters. all americans respond to disasters. we don't ask for off-sets. >> with the nation's debt at $16 trillion and counting, conservatives say it isn't about bashing the northeast. it is about saving the country. >> we have to get this under control. most conservatives believe we have to come to a point where we stand and fight. i hope this is the time. >> after president obama said it would be irresponsible and absurd
. and this is not just the party of the wealthy, he said, and of lower taxes. it has to be, you know, many republicans don't make as much money and pay a much higher percentage of their income in taxes, and they need the party's help, too. i thought he made so many. that was such a potent -- what was it, 30 minutes? >> it really was, but mika, let's talk about the people that want to buy bushmasters. yes, gun sales are moving at a rapid pace. a lot of people are buying two or three. >> they were buying as many as they can get. >> just to keep up with their survivalist neighbors. >> right. >> you can't have enough of those clips, right? >> apparently not. >> maybe they string them around their christmas trees. i don't know what they do with them. but steve rattner, this is the problem the republican party has made. this is the mistake the republican party's made. they listen to the loudest voices. a small, small percentage of americans. and americans, by the way, who don't swing presidential elections. i have been saying it ad nauseam for four years and making extremist conservatives very upset. you do
mean, you really think we must be doing terrible. we have higher payroll tax, a gridlock in washington, but the actual job growth is very out of sync, and it almost says like, listen, we got rid of this, let's start hiring. we may be looking at this debt ceiling, and i'm going to invoke shakespeare, the bard, that this may be much ado about nothing. i'm going there. right here. >> right now? the cliff is -- >> don't you love -- you know, when i first heard, i thought what a great title, i said no, moran, take the shakespeare course first the it's going to be claymation death match, maybe ufc, you and i watch that in our spare time -- not -- but i don't think it's as important as getting through the fiscal cliff. people are hiring again. >> dow transports continue to hit six-year highs. >> even as crude is up 95. >> it's like a market that has transport leadership. did you see union pacific? we had mike's southern on "mad money" he says point-blank, the hole has bottomed and is starting to go higher. and be good to the shutdowns, the coal plants. don't forget china has been burning coal
financing. they are doing a great job. they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond our means. they, in because of the business atmosphere and because we like visitors. a friendly place. the idea of getting to the numbers that you talked about during the first part of the interview and getting through the projections that this particular group put out that this $9 billion gap, specifically, how do you get there sure mark where did the cuts come from? >> i do not know where that number came. there will be a supplemental appropriations bill which we filed in a few weeks. they will fill some of the medicaid that we do not have. it is available in the
, hidden taxes will take a painful bite. inside is the story from that conley who friends the argument more so in the washington d.c. area. local residents will be paying uncle sam more in 2013, between the two percent increase in payroll tax and to lesser known provisions buried in the fiscal cliff deal. there is also the issue of the health care tax, which also may hit some individuals. more details from the washington sunday examiner. the question we are focusing on is whether the president will bypass congress to raise the debt ceiling. we are getting your calls in common. buddy on the republican line. caller: good morning. it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that th
. the republicans need to be able to run against barack obama as the tax and spend liberal who keeps plunging us into debt. this would allow them to do that and still not blow up the economy. i mean, the only thing here that we know for certain is that they are going to raise the debt limit. they're going to do it. they know it. we know it. it's just a matter of how messy it's going to be before that. the way that you know republicans many my opinion are not serious, where is their list of things? if spending is such a horrible thing and we have a spending problem, not a debt problem, show us your list. what is it you would like to cut? let's see it. the last time they showed it to us, it was the ryan plan to destroy medicare and turn it into a voucher, and then they ran away from that during the presidential campaign when they should have been showing it off. if they're so into cutting the deficit and they think spend issing the problem, show it off. let's see what you got. they don't want to do it. >> what i don't understand about this is why if you believe that ultimately they're going to hav
hundreds of thousands of dollars in sales tax by claiming to buy fuel from the suburban office. the office is only one part time employee. not even a single computer. united says the operation is legal. >>> drivers are paying a little more for gas again if you didn't noticed. aaa reports the biggest jump in the bay area is san jose. where the price of regular is $3.59. that is up a little more than a nickel since last month. the smallest increase is in san francisco where it has gone up just a penny in the last four weeks. drivers paying $3.68 there. >>> what we now know about california's babies. what is changing here that has some concerns this morning. jack! what happened? me and jason came back with drinks and all 20 nuggets were gone. we got nugged. there was a nugging. this guy just came running up... dip! dip! dip! shoveling 'em into his face! give me your nuggets- -we're like "no! save some for our boyfriends!" need more nuggets? jack's crispy, all-white meat chicken nuggets come with a choice of seven awesome sauces. an order of 20 is only $4.99 we should probably call the cops. i
for the ball and all of this stuff. right after he raised the taxes, i am just barely living. i made $20,000 per year and now that my paycheck is getting cut because he raised taxes, i cannot even afford food. i have two grandchildren and cannot afford to feed them. from 50,000 on down, 60,000 on down, why not tax us? he just tax the people that are higher? host: thank you for the call. let me use this point -- we are not focusing as much on budgets and taxes, but these are tougher economic times and this is something these committees have taken into account? guest: that was the driver behind scaling down from 10 balls to two. george bush in his second inauguration also had 10. that is where the standard was. that has been cut way back. there will be a concert on the national mall with bruce springsteen. there have been efforts not to overspend and there is a willingness to acknowledge that so many americans are having a tough economic times. host: tony, who morning. thank you for calling in. caller: thank you. i want to know, white people started all the money stuff. this president, why
at the tax and regulato regulatory, if it's cheaper to make it in china and ship it here. that's not the company's fault, that's the government's fault. you see toyota expanding in mississippi and i think volkswagen in tennessee and what do those states have in common, oh, yes, right to work. so the problem isn't so much -- it's partly the tax aof the government and the punitive costs of unions in states like michigan which has now gone right to work and see how that affects the auto industry. at the end of the day, 26.5 of the auto bailout was a direct check written to the united auto workers and the democrats 2012 in the election cycle. >> and joining us live to tell us how mitt romney is right, ironically he we find that out on the day the president is sworn in for a second term. seton, thank you very much. >> thank you. >> they've committed horrific crimes and now are asking for forgiveness and someone to love them. that story is straight ahead, match.com. and they were hand picked to sing at president obama's inauguration, we're seeing how the big choir is preparing for th
influx of patients coming into the hospital. it's really sort of taxed the entire hospital system. we have patients in our emergency room, have crowded a lot of patients in the emergency room. we've used a lot of techniques to accommodate the influx of patients we've seen. >> are you seeing at least at press, are other hospitals, those extraordinary measures that some have taken, are they beginning to pull back a bit? >> we're not pulling back yet. as i said, we've seen a slight decline in the last couple days. but we want to make sure it actually starts falling considerably before we pull back. we've got additional staff on board. we've opened up additional units in order to take care of these patients. we've created new protocols in our emergency room to tri to triage them so make sure they're not mixing with the other patients. those policies will still be in place for the next couple weeks likely. >> in kitchens, and offices around the country, people are still talking about whether to get a vaccination, right? >> yes. >> they can start as early as october. if you haven't gotten a
is a border state with taxes. too often, cities have borders with the rio, texas that we also have my city on the southeast part of the state and it's a strategic location. my city the city of 670,000 people. it's a big city. the metropolitan area sharing the space which has two cities, our neighbors in another city, which is my city. there is no doubt that the main concern of the people in the border areas on the mexican side is the demand for safety and the demand for security. this demand is being heard louder and louder than the demands for employment and secret services, which is what we mayors do. when i was listening of course for job creation, economic development. but i mexico, it's becoming also one of the major necessities, which was than in the past, but is now. the fact that a strategic security knowledge and something, which in the past, we never had to do it, which we security issues, which would strategy, which was this alliance that needs to be built at the federal government, drug enforcement agencies, now becomes a necessity. i think that there are models that can work a
. unemployment is lower. 3% difference. income tax, there is none in texas. 9% in california. no corporate tax. so there is job creation. so california lost over the past ten-year a couple million people. half a million people moved in to texas. >> gretchen: one of the big arguments has been that california will continue to not be able to pay its bills because people like that who are employable are leaving so they're losing their tax base. >> they pay their politicians so much, some towns have gone bankrupt. san bernardino. we sent kennedy, a special correspondent from my show to the mayor's office looking for answers. >> i walked down an empty hallway looking for the mayor, looking for anyone. i felt like i was in a horror movie. it was creepy. i found an empty conference room and decided i would take over as mayor. show of hands? all right. not all at once. busy day. we have a lot of problems. lot of people out of work. lot of businesses with shuttered doors. i don't hear any answers from any of you! >> steve: the lights are on, but nobody is home. >> they were in there. she couldn't find t
it the curb. and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the discretionary spending that they would have to cut under these circumstances. so there wouldn't ever be, many republicans insist they wouldn't ever be a realistic prospect of default in this. and that is why the president uses the word "obligations," instead of the word debt because they may just agree with them that there wouldn't actually be a debt default. >> it is unclear, we literally don't know what would happen because it never happened bef e before. so a legal authority is not all obvious. so there is a question, for the treasury department, to decide if we pay off the bond holders, but not
to handle things so that taxes were withheld, everything was on the up and up. he submitted a business permit to the city of sacramento. that's the sort of people that the obama justice department said they are not going to go after. >> cenk: molly, how many kids do you have? >> two. >> cenk: hold are they? >> an 18-month-old daughter and 3-year-old daughter. >> cenk: what you are going to do if matt goes to jail for seven years. >> that's not going to be easy. >> cenk: how are you going to make a living? how are you going to support the kids? >> that's a good question. i don't know the answer to that now. >> cenk: can you believe your government is doing this to you even though what you guys are doing are perfectly legal in your own state. >> well, it's shocking. you know, from the beginning from the beginning, when, you know, there was first a search warrant served, you know, on a warehouse, when a search warrant was served on our home, it was shocking all the way through but each time i thought that's ok, they're do an investigation and see that we're within state guidelines and fol
and the phones and gets his way on that and gets his way on the tax bill that kennedy couldn't get through. my question is when you look at the great skills and the talents that lbj had dealing with the senate and congress, do they really apply in the era of hyper polarization that we live in? the republican leader. does mitch mcconnell respond with the same? >> i think you have to remember that there was terrific polarization in the 1960s. the democratic party was in control of tourn democrats who were against the kifl rights bills and controlled the mitties. the house were mostly in control of people against the bills. they were also against most of the great society programs. he had to find republicans that would support him. what the hell is say presidency for is a quote of johnson when early 64 before his first state of the union after kennedy died, his entire staff said don't go for the civil rights bill. it's a presidential election year and hang on to the presidency and we will do it after that. he said what the hell is say presidency for? we are going for it. he went for it and got it
'd rather not go there. you take, what'd you say -- >> 480, cash money. >> no background checks. >> no tax, no charges. there you go. >> because i couldn't pass one. >> five. >> okay. you're sure no background check. i don't think i can pass one. >> get it out the door, and it's yours. >> okay. >> with we're not a dealer. this is a private party sale. >> well, good, because i probably couldn't pass one. >> i don't think i could either. >> that's good about the background check, because i probably couldn't pass one. >> i don't care. >> only thing i do is demand you show me your license. >> you don't care about the background check, right? >> no. >> all right. >> no. because i wouldn't pass either, bud. >> so no background check, right? >> right. >> good, because i probably couldn't pass one. no background check. >> no. >> all right, good. i probably couldn't pass one. [laughter] one of those things, you know? >> i hear ya, yeah. >> all right. >> let's do it. >> no background check because -- >> you get the idea. now, what they did was -- can you get my powerpoint back? thanks. they did some
property taxes? >> correct. houseboats are vessels and don't pay property taxes. >>brian: why was it so important for you? someone wrecks your home but you know the type of financial investment and time investment this will be, why was it important for you to fight all the way up to the top? >> for the principle and to help, there's another 7,000 or 8,000 floating homes around the country. i wanted to make sure they did not go through the horse show i did. >>brian: are you going to get all the money back that you invested in? right now the court awarded you what? >> they reversed and now we'll go back to the district court judge and we'll see what happens down there. hopefully i'll get compensated for my home, furniture and my legal expenses. >>brian: you've got to go back to the same judge that ruled against you? >> that is correct. >>brian: what's the message from this fight that people should take away? >> the message is just don't quit. if you think you're -- if you think you're right, keep on fighting it out. winners never quit and quitters never win. >>brian: you believe that whol
in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in critical but stable condition. so far no arrests have been made. >>> well, oakland's police chief and the mayor, they are working now to stop the surge in violence. 11 people were wounded in shootings over the weekend, six people have been killed so far this year. the police are blaming a lot of the violence on a feud between rival gangs. it started when a young woman was killed last summer. since then, howard jordan says gangs have been responsible for about 90% of the violent crime. >> we know that's probably 1%, 2% of the population causing this violence. we're focused on them. chief jordan says the police department is already getting help from the chp. he plans to have more police academies and also add 70 officers.
. >>gretchen: the president putting his campaign staff back to work as a tax-exempt group. we'll explain coming up. >>brian: the dad had one condition. if the kids wanted a puppy, get this, the kids won. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualizes your sleep. pillows that adjust for cradling comfort. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort ... individualized. save $500 on our special edition bed set. plus, 48-month financing on all beds. now at the sleep number w
. we do not default. we have 2 1/2 trillion dollars worth of tax revenue coming into the treasury every year. we can use some of that money to pay our interest on our debt. we will meet our obligations on our debt regardless of the debt ceiling. we will not default. that is an absolute, we will not default. the idea that we will if we don't raise the debt creel something an absolute flat out myth. >> gretchen: what else did he say you didn't agree with? >> the use of the expression, dead beat nation, that really is talking down america. the president is encouraging congress, encouraging america to pay its bills using a credit card to pay its bills, using borrowed money to pay its bills. that credit card will never be paid off and the balance on it will never be paid down. that is dead beat behavior and that should be pointed out. by using that expression, the president is talk down america. we stand not as tall in the eyes of the world when the president uses that kind of language. >> gretchen: could it also be he was talking down to republicans because he thinks right now that he has t
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